USD/JPY Forex Signal: Treasury Buybacks Fuel Bullish Bias
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Treasury's expanded $6 billion buyback plan aimed at containing yields has left bond markets 'underwhelmed,' yet the dollar's yield advantage over the yen keeps our forex signals tilted long on USD/JPY into next week's Fed decision.
Entry is flagged at 147.20, with Take Profit targeting 148.60 and Stop Loss set at 146.50, producing a Risk/Reward ratio near 1:2.0.
Traders should monitor 10-year Treasury yield reactions closely, as any surprise dovish shift from the Fed could compress the dollar's yield edge and threaten this bullish structure.